Goldman Sachs sets USD 31 target for Remitly Global stock

Published on 10/16/2026 at 00:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Remitly Global stock, revenue during the second quarter of 2026 rose 20.20 percent to USD 495.16 million. Net income reached USD 205.91 million.

Analyst view and operating scale

Goldman Sachs set a USD 31.00 target on October 13, 2026.
Revenue reached USD 495.16 million in the second quarter of 2026, up 20.20 percent year over year.
Remitly Global is scheduled to report third-quarter 2026 results on November 4, 2026.
Market capitalization stood at USD 5.2 billion on October 15, 2026.

RELY, US75960P1049, Illustration mit AI erstellt.

Goldman Sachs maintained a Buy rating on Remitly Global and set a USD 31.00 price target on October 13, 2026, according to Markets Insider. The call followed a second quarter in which revenue reached USD 495.16 million and net income was USD 205.91 million.

Three events shaped the story

On August 5, 2026, Remitly reported second-quarter revenue of USD 495.16 million, up 20.20 percent from USD 411.85 million a year earlier, while net income rose to USD 205.91 million from USD 6.54 million, according to Remitly Global. On September 9, 2026, the company announced a partnership with Etsy that gave new Etsy sellers in 15 countries a local payout option through its cross-border network, also according to Remitly Global. On October 13, 2026, Goldman Sachs analyst Will Nance maintained the Buy rating and set the USD 31.00 target, as Markets Insider reported.

What does the target imply?

The target is 25.76 percent above the USD 24.65 last price on Nasdaq at 4:00 p.m. ET on October 15, 2026. That comparison gives the analyst view a clear valuation reference, while the latest quarter supplies the operating evidence behind it. Remitly also reported adjusted EBITDA of USD 114.70 million for the second quarter, up 79.00 percent year over year, and quarterly active customers surpassed 10.00 million, according to Remitly Global.

Which dates come next?

Remitly Global is scheduled to report third-quarter 2026 results on November 4, 2026, followed by fiscal-year 2026 results on February 24, 2027, according to Barrons. The upcoming report will test whether the 20.20 percent second-quarter revenue growth rate can continue into the next reporting period.

Stock valuation stays tied to growth

Remitly Global had a market capitalization of USD 5.2 billion on October 15, 2026. Its 52-week range was USD 12.08 to USD 27.48, placing the latest Nasdaq price below the yearly high while the second-quarter figures show strong expansion in revenue, customers and adjusted EBITDA.

Market price and company profile

Remitly Global was last at USD 24.65 on Nasdaq on October 15, 2026 at 4:00 p.m. ET. The company provides digital financial services for immigrants and their families through international money transfers.